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Overview

This collection of papers stems from a recent World Bank project focused upon the contentious issue of whether government has played any positive role in the success of the so-called "high-performing" Asian economies. It goes beyond the influential World Bank volume The East Asian Miracle to chart a middle ground that recognizes diversity among the different East Asian economies, as well as the evolutionary nature of government intervention.

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Table of Contents

Introduction, Masahiko Aoki, HyungKi Kim, and Masahiro Okuno-Fujiwara
1. Beyond The East Asian Miracle: Introducing the Market Enhancing View, Masahiko Aoki, Kevin Murdock, and Masahiro Okuno-Fujiwara
PART I. Market Failures and Government Activism
2. The Role of Government in Economic Development: Some Observations from the Experience of China, Hong Kong, and Taiwan, Lawrence J. Lau
3. The Government-Firm Relationship in Postwar Japanese Economic Recovery: Coordinating the Coordination Failure in Industrial Rationalization, Tetsuji Okazaki
4. The Role of Government in Acquiring Technological Capability: The Case of the Petrochemical Industry in East Asia, Hyung-Ki Kim and Jun Ma
5. Economic Development as Coordination Problems, Kiminori Matsuyama
PART II. The Market-enhancing View
6. Financial Restraint: Toward a New Paradigm, Thomas Hellmann, Kevin Murdock, and Joseph Stiglitz
7. Government Intervention, Rent Distribution, and Economic Development in Korea, Yoon Je Cho
8. Unintended Fit: Organizational Evolution and Government Design of Institutions in Japan, Masahiko Aoki
9. Institutions, State Activism, and Economic Development: A Comparison of State-Owned vs. Township-Village Enterprises in China, Yingyi Qian and Barry R. Weingast
PART III. The Political Economy of Development and Government-Private Interactions
10. Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis, Juro Teranishi
11. The Political Economy of Growth in East Asia: A Perspective on the State, Market, and Ideology, Meredith Woo-Cumings
12. Rents and Development in Multiethnic Malaysia Jomo K.S. and Terence Gomez
13. Toward a Comparative Institutional Analysis of the Government Business Relationship, Masahiro Okuno-Fujiwara

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